Tag: Sovereign gold bond

Sovereign Gold Bond Scheme 2021-22–Series-IV- Issue price (Opened for the period July 12-16, 2021)

Posted on by Business So Simple in Financial Prudence

Ministry of Finance Press release dated 09th July 2021

In terms of Government of India Notification No.4(5)-B(W&M)/2021 dated May 12, 2021, Sovereign Gold Bonds 2021-22 (Series IV) will be opened for the period July 12-16, 2021 with Settlement date July 20, 2021. The issue price of the Bond during the subscription period shall be Rs 4,807 (Rupees Four thousand eight hundred seven only) – per gram, as also published by RBI in their Press Release dated 9th July, 2021.      

The Government of India in consultation with the Reserve Bank of India has decided to allow discount of Rs 50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode. For such investors the issue price of Gold Bond will be Rs 4,757 (Rupees Four thousand seven hundred fifty seven only) per gram of gold.   

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Sovereign gold bond scheme- Benefits, Features & FAQs

Posted on by Business So Simple in FEMA, Financial Prudence, Income Tax

Dear Sir,

Please find below YouTube video link on Sovereign gold bond scheme- Benefits, Features & FAQs
https://youtu.be/2zAnQ1_BPy8

Topic cover

1. What is Sovereign Gold Bond (SGB)? Who is the issuer?

2. Why should I buy SGB rather than physical gold? What are the benefits?

  1. Are there any risks in investing in SGBs?
  2. Who is eligible to invest in the SGBs?
  3. Whether joint holding will be allowed?
  4. Can a Minor invest in SGB?
  5. Where can investors get the application form?
  6. What are the Know-Your-Customer (KYC) norms?
  7. Can an investor hold more than one investor ID for subscribing to the Sovereign Gold Bond?
    10. What is the minimum and maximum limit for investment?
  8. Can each member of my family buy 4Kg in their own name?
    12. Can an investor/trust buy 4 Kg/20 Kg worth of SGB every year?
  9. Is the maximum limit of 4 Kg applicable in case of joint holding?
  10. What is the rate of interest and how will the interest be paid?
  11. Who are the authorized agencies selling the SGBs?
  12. If I apply, am I assured of allotment?
  13. When will the customers be issued Holding Certificate?
  14. Can I apply online?
  15. At what price the bonds are sold?
  16. Will RBI publish the rate of gold applicable every day?
  17. What will I get on redemption?
  18. How will I get the redemption amount?
  19. What are the procedures involved during redemption?
  20. Can I encash the bond anytime I want? Is premature redemption allowed?
  21. What do I have to do if I want to exit my investment?
    26. Can I gift the bonds to a relative or friend on some occasion?
  22. Can I use these securities as collateral for loans?
    28. What are the tax implications on i) interest and ii) capital gain?
  23. Is tax deducted at source (TDS) applicable on the bond?
  24. Who will provide other customer services to the investors after issuance of the bonds?
  25. What are the payment options for investing in the Sovereign Gold Bonds?
  26. Whether nomination facility is available for these investments?
  27. Can I get the bonds in demat form?
  28. Can I trade these bonds?
  29. What is the procedure to be followed in the eventuality of death of an investor?
  30. Can I get part repayment of these bonds at the time of exercising put option?
  31. How do I contact RBI to address my queries regarding Sovereign Gold Bond ?

Regards
Bipul Kumar